Make a Legacy Gift

Making a bequest is as simple as writing a provision in your will to support Partnership 4 Kids (P4K). Working with your attorney to make this simple addition is one way that donors have chosen to express compassion for Omaha’s youth.

You can designate a specific amount and, in many cases, receive a tax deduction for the cost of the premium paid on insurance policies benefiting a nonprofit, like Partnership 4 Kids. Transferring ownership of unneeded policies, purchasing a new policy, or simply designating “Partnership 4 Kids” as the beneficiary on a policy you own are all convenient and effective ways to leave a meaningful legacy.

For the charitably inclined like yourself, retirement funds often serve as a powerful giving tool. Making a tax-free distribution directly to P4K may reduce your annual income tax burden. Further, designating P4K as a beneficiary of your retirement account may also reduce your taxable estate and avoid significant tax consequences of passing these particular assets to an heir.

Many families use DAFs in place of a private foundation. A DAF allows you to access favorable charitable deductions and then make grants to charities like P4K over time. Many DAF sponsors, like your local community foundation, also allow you to define successor advisors, such as children or grandchildren, or to designate a charity or charities, like P4K as a testamentary beneficiary of your DAF.

Charitable Remainder Trusts and Charitable Lead Trusts are advanced planning tools that allow you to create lifetime income for yourself or a family member or to transfer wealth to future generations, while granting a charity with an income stream or a sizeable remainder gift. These tools offer powerful tax advantages and have the potential to leave a highly impactful legacy through Partnership 4 Kids.

Given outright or when paired with other strategies above, giving appreciated assets, like stocks, to Partnership 4 Kids directly may significantly reduce your income, capital gains and/or estate taxes, while shaping the landscape of Nebraska for future generations.